The majority of A/P departments still receive hard-copy invoices from their vendors, but it looks like all that will change in the very near future. (more…)
Credit and Collections
Plenty of A/P departments use some type of an online discount calculator to see it's worth taking suppliers' prompt-pay discounts. Well, here's how your Finance department can get even more from that tool. (more…)
If your customers are starting to think of their due date as more of a suggestion than a requirement, be sure to give this a shot. (more…)
If customers come to you looking for a credit increase because their banks "just aren't lending right now," you have a good reason to be wary. (more…)
The United States Postal Service has been forced to make some major changes just to stay afloat -- and those changes will have an impact on businesses of all sizes. (more…)
Asking your suppliers to change their billing processes and start sending you e-invoices isn't usually an effective tactic. But there are certain things you can do to help them move in that direction. (more…)
This Collections pro heard so many novel excuses why customers couldn't pay their bills on time, he felt the need to rank the best ones. (more…)
Forget Santa! Will your company be naughty or nice to finance staffers’ bank balances in 2012? New salary data is out, and we have all the details. (more…)
When it comes to negotiating payment plans with struggling customers, many Collections staffers are a bit too lenient. (more…)
A new report’s out saying companies’ risk of fraud will be going up in the next 24 months. And even if you don’t think it could happen in your organization, you have to prepare as if it could. (more…)
Your A/R staffers probably use an array of tools to get in touch with past-due customers. Just make sure they don't use social networking sites. (more…)
When it comes to billing, paper invoices are becoming obsolete. (more…)
